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<br />WHEREAS, it is necessary to provide for the forms and details of the Bonds, <br />the payment of the Bonds, and other provisions relating to the authorization and issuance of <br />the Bonds. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br />LOUISVILLE, COLORADO: <br />Section 1. Definitions. As used herein, the foIIowing terms shaII have the <br />respective meanings set forth below, unless the context indicates otherwise (other terms are <br />defined parentheticaIIy throughout this Ordinance): <br />Bond Fund: the "City of LouisviIIe, Colorado, General Obligation Bonds, <br />Series 1992 Bond Fund," established by Section 10 of this Ordinance. <br />Bond Purchase Alrreement: the agreement dated September 29, 1992 between <br />the City and the Underwriter, concerning the purchase of the Bonds by the Underwriter. <br />Bond Remstrar: the Finance Director of the City, or its successor, which shaH <br />perform the functions of bond registrar and transfer agent with respect to the Bonds. <br />Bondholder: the registered owner of any Bond, as shown by the registration <br />books maintained by the Bond Registrar on behalf of the City. <br />Bonds: the City's General Obligation Bonds, Series 1992, dated September 15, <br />1992, issued in the aggregate principal amount of $5,160,000, as authorized by this Ordinance. <br />Certificates: the outstanding portion of the Certificates of Participation, dated <br />June 1, 1988, issued in the original aggregate principal amount of $4,340,000 and currently <br />outstanding in the aggregate principal amount of $4,325,000, which Certificates represent <br />proportionate interests in rights to receive lease payments the City makes under the Golf <br />Course Lease relating to the Golf Course. <br />City: the City of LouisviIIe, Colorado. <br />City Council: the City Council of the City. <br />Equioment: equipment related to the Golf Course which is currently being <br />leased to the City pursuant to the Golf Course Leases. <br />Escrow Ae:ent: Central Bank National Association, in Denver, Colorado, or <br />its successor, which shaII perform the function of escrow agent with respect to the Golf <br />Course Leases. <br /> <br />-2- <br />